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Feb 25, 2013
02/13
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CNBC
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keeping in mind the defense industry for pentagon, coming from the pentagon and defense budget expected to be hard hit if the sequester gez through. back to you. >> i will pick it up from there. i'm glad you mentioned defense stocks. we will talk about that more in the show. rick santelli, how are treasuries reacting to the fun and games? >> same way as every market from the s&p to the euro currency to dollar index, we have seen a big reversal. we are now at a 187 yield having closed near that since the 24th of january. we close at 176 which means we are up 11 basis point on the year and maybe the most important issue is we can now somewhat get an idea of what the reasoning for higher rate has been. it's been so of the issues of funding in europe. we've isolated it. now if this is a reverend up um on the euro and i know i'm way too early jumping the gun on that. when it is hard to get something from the treasury market, today is a day of a bit of enlightenment. >> rick santelli, grazzi. see you again sometime here. >>> mark set struggling to find their groove right now. but while a nice
keeping in mind the defense industry for pentagon, coming from the pentagon and defense budget expected to be hard hit if the sequester gez through. back to you. >> i will pick it up from there. i'm glad you mentioned defense stocks. we will talk about that more in the show. rick santelli, how are treasuries reacting to the fun and games? >> same way as every market from the s&p to the euro currency to dollar index, we have seen a big reversal. we are now at a 187 yield having...
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Feb 25, 2013
02/13
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KQED
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>> pentagon is talking about having less aircraft carrier presence. the foreign-policy establishment could see some of its dollars cut. foreign aid is never the favorite thing of the congress. some of those accounts could be pressured. a lot of these cuts ordered by sequestration are essentially dumb. they are acrsooss the board. certain things are exempt. ibo who run these cabinet departments often lack the authority just -- people who run these cabinet departments often lack the authority did say we are going -- authority to say we are going to keep this or that. us toes it hard for represent ourselves as a model that ought to be in related by others -- to be emulated by others. >> what do you hear when you talk to leaders around the world, not just about sequestration -- what are people saying to you? .> all those things america's inability to tackle its deficit and debt. able shake their heads. at the end of the day, -- people shake their heads. because at the end of the day, they are dependent on the united states. the united states controls the
>> pentagon is talking about having less aircraft carrier presence. the foreign-policy establishment could see some of its dollars cut. foreign aid is never the favorite thing of the congress. some of those accounts could be pressured. a lot of these cuts ordered by sequestration are essentially dumb. they are acrsooss the board. certain things are exempt. ibo who run these cabinet departments often lack the authority just -- people who run these cabinet departments often lack the...
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Feb 25, 2013
02/13
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FOXNEWS
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eye 73
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what's being done to try to help get him free. >>> also, the pentagon caught in the middle of a political battle facing automatic budget cuts. the president says republicans are to blame, but "the washington post"'s bob woodward says it's really all the president's fault. our news watch panel takes a look at the arguments on both sides. on thanksgiving day, and i have a massive heart attack right in my driveway. the doctor put me on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. go talk to your doctor. you're not indestructible anymore. go talk to your doctor. angie's liat angie's list, i autyou'll find reviews. on everything from home repair to healthcare written by people just like you. if you want to save yourself time and avoid a hassle, go to angie's list. at angie's list, you'll find the right person to do the job you need. and you'll find the right person quickly and easily. i'm busy, busy, busy, busy. thank goodness for angie's list. from roofers to plumbers to dentists and more, angie's list -- reviews you can trust
what's being done to try to help get him free. >>> also, the pentagon caught in the middle of a political battle facing automatic budget cuts. the president says republicans are to blame, but "the washington post"'s bob woodward says it's really all the president's fault. our news watch panel takes a look at the arguments on both sides. on thanksgiving day, and i have a massive heart attack right in my driveway. the doctor put me on a bayer aspirin regimen. [ male announcer ]...
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Feb 25, 2013
02/13
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KNTV
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if you're making a 7%, 8% cut in the pentagon, the first thing you must do is pull back an aircraft carrier from the persian gulf. really, it's the first thing? with that said, when you begin looking at the numbers and the difficulty of cutting, you realize you can't furlough uniformed military personnel. you're going to end up furloughing civilians. you can't make certain cuts so they become more drastic. in this situation they could have made more long-term. they have multiple deadlines, as we all know. what people in congress are talking about, how to combine them. how do you combine the sequester with the budget battle coming up, with the debt ceiling fight that's going to come back again. how do you add those together so you come up with a larger deal. >> the washington dimension is striking, too. now you have bob woodward of the "washington post" taking on the white house saying the president is moving the goalpost by insisting on tax revenues being in there. let me read a portion of what's in his opinion piece this morning. the final deal reached between vice president biden and sena
if you're making a 7%, 8% cut in the pentagon, the first thing you must do is pull back an aircraft carrier from the persian gulf. really, it's the first thing? with that said, when you begin looking at the numbers and the difficulty of cutting, you realize you can't furlough uniformed military personnel. you're going to end up furloughing civilians. you can't make certain cuts so they become more drastic. in this situation they could have made more long-term. they have multiple deadlines, as...
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Feb 25, 2013
02/13
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WTTG
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the pentagon is rejecting the claims, but is taking them seriously and says it will investigate the facts surrounding these claims. >>> in the meantime, the new secretary of state is in london this morning. he met with his british counterpart and sat down with prime minister david cameron. london is his first stop on a trip that will take him to nine countries. syria is dominating his agenda, but it's not clear if he'll sit down with syrian rebels. after his european visit, he heads to the middle east. >>> new this morning, a major announcement from the vatican. pope benedict xvi has signed off on moving the date of the conclave forward. the pope says it can begin sooner if all the cardinals are in rome. typically, the process to choose a new pope does not begin until 15 days after a pope dies or leaves office. >>> meanwhile, cardinals from around the world have begun to gather in rome. washington archbishop cardinal donald wuerl left from dulles yesterday. also on sunday, the pope delivered his final public address to a crowd of 100,000. the 85-year-old pontiff told him his decision does
the pentagon is rejecting the claims, but is taking them seriously and says it will investigate the facts surrounding these claims. >>> in the meantime, the new secretary of state is in london this morning. he met with his british counterpart and sat down with prime minister david cameron. london is his first stop on a trip that will take him to nine countries. syria is dominating his agenda, but it's not clear if he'll sit down with syrian rebels. after his european visit, he heads to...
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Feb 25, 2013
02/13
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CURRENT
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we should cut the pentagon. but these across the board cuts aren't the way to go t i would love to hear your take. two things, denial. there is not going to be so bad. no. i don't mean on. we can cut 13% 90% in the pecht gone surely. we can tightin our builts. they isn't going to be so bad or they just say no. all obama is doing is lying. he is just exaggerating to get his way. don't believe it. it's just peter and the wolfe. here is what's wrong with that. it's wrong because, number 1, they are wrong on their facts. these cuts are real. they are going to hurt. no. 2, it's just bad public policy. across the board cuts, as several people pointed out, erskin bowls alan simpson pointed out, it's not something any business would do. if you are having some problems your sales are not as good as they have been this month or something or the last six months in a business wants to look at what we can do to reduce costs, you don't cut everybody like 20% across the board. you don't cut your best salespeople 20%. you look
we should cut the pentagon. but these across the board cuts aren't the way to go t i would love to hear your take. two things, denial. there is not going to be so bad. no. i don't mean on. we can cut 13% 90% in the pecht gone surely. we can tightin our builts. they isn't going to be so bad or they just say no. all obama is doing is lying. he is just exaggerating to get his way. don't believe it. it's just peter and the wolfe. here is what's wrong with that. it's wrong because, number 1, they...
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Feb 25, 2013
02/13
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CNN
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which, by the way, a lot of democrats like to see those big budget cuts on the pentagon. a lot of republicans would like to see those budget cuts on some domestic spending. so what's hanging over their heads right now is not as awful as the last couple of times we went around this. and so i think that's why john's right. that's why they're going to end up having this problem. >> how about pride? how about that has beening ov i their head? they work in a government that at least can do its most basic function and pass a budget? they work in a government and not a circus. how about pride in that? >> that would be good. you saw the article bob woodward had in "the washington post" this weekend. saying the president is in effect moving the goal post on the $85 billion. so when the president asks that a substitute for the sequester include not just spending cuts but also new revenue, that means taxes, he is moving the goal posts. his call for a balanced approach is reasonable, and he makes a strong case that those in the top income brackets could and should pay more. but that
which, by the way, a lot of democrats like to see those big budget cuts on the pentagon. a lot of republicans would like to see those budget cuts on some domestic spending. so what's hanging over their heads right now is not as awful as the last couple of times we went around this. and so i think that's why john's right. that's why they're going to end up having this problem. >> how about pride? how about that has beening ov i their head? they work in a government that at least can do its...
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Feb 25, 2013
02/13
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WTTG
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in the days ahead, the administration will shift its focus to the pentagon, which will bear the brunt of the cuts. in addition to some of the defense cuts as well as the contractor furloughs, the white house also said in d.c., maryland and virginia we could have perhaps 31,000 fewer hiv tests available, or 5900 fewer kids getting vaccines. $700millioncut in environmental funding. all those possible impacts now listed on the white house web site. there is talk of perhaps a compromise that would allow the federal agencies to at least have flexibility in deciding where they're going to apply the cuts within their agencies. with the sequester due to hit friday, there isn't much time to work out all the details. tony and allison? >>> thank you. in afghanistan, president karzai wants u.s. special forces out of a key province. he's accuses them of working with afghan citizens to torture and even murder people in the region. the u.s. has rejected the claims u.s. forces carried out any such crimes. >>> secretary of state john kerry has arrived in london. it's the first stop on a nine country t
in the days ahead, the administration will shift its focus to the pentagon, which will bear the brunt of the cuts. in addition to some of the defense cuts as well as the contractor furloughs, the white house also said in d.c., maryland and virginia we could have perhaps 31,000 fewer hiv tests available, or 5900 fewer kids getting vaccines. $700millioncut in environmental funding. all those possible impacts now listed on the white house web site. there is talk of perhaps a compromise that would...
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Feb 25, 2013
02/13
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CNN
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well, you get $85 billion in budget cuts in discretionary, domestic spending as well as in the pentagon and there are a lots of people on both sides of the aisle for different reasons who believe, you know what, that's not such a terrible thing. so the default setting, despite what we heard about the tsa lines and all the rest, may be pretty palletable to some. and it shows you how far the dysfunction in washington has come since they came up with this plan a couple of years ago. >> now, on the dysfunction angle, look, the last time we talked about something sort of similar was fiscal cliff in december, the last congress. now we have new members of congress. my question now is how is the republican party different? >> well, this is the most interesting part of this. i think the white house made a calculation when this whole idea was hatched that the republican party would never go for draconian cuts on military spending. and what occurred in the republican party is that you have a group of younger members who believe in budget cutting above all else, and are willing to take the hits in
well, you get $85 billion in budget cuts in discretionary, domestic spending as well as in the pentagon and there are a lots of people on both sides of the aisle for different reasons who believe, you know what, that's not such a terrible thing. so the default setting, despite what we heard about the tsa lines and all the rest, may be pretty palletable to some. and it shows you how far the dysfunction in washington has come since they came up with this plan a couple of years ago. >> now,...
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Feb 25, 2013
02/13
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CSPAN
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the pentagon could be restructuring contracts. what do you want to say about those areas? guest: training is of cuts where only units preparing to deploy or other places -- these are the ones that will be training. everyone else, primarily in the air force and the navy, their planes will be grounded because it will not have the money they would use to do the training. it will be shifted into the war accounts to pay for afghanistan. stuff like tricare, i believe you mentioned, that is more like the benefits for care and being seen by doctors and whatnot. >> there are lots of voices in washington. what should we know about the defensive area? guest: there are two sides. there is the side that says we need to cut federal spending and the defense needs to take a roll. a lot of them would agree with that. the problem is, we're halfway done with the year and they have not been preparing for this. they will up to squeeze this into a six-month period. if it is fully implemented, it will have an impact. 2014, if it continues, and they get hit with another $50 billion cut, it will p
the pentagon could be restructuring contracts. what do you want to say about those areas? guest: training is of cuts where only units preparing to deploy or other places -- these are the ones that will be training. everyone else, primarily in the air force and the navy, their planes will be grounded because it will not have the money they would use to do the training. it will be shifted into the war accounts to pay for afghanistan. stuff like tricare, i believe you mentioned, that is more like...